Fintech Confidential

• Molotov cocktail of Social Engineering - AI, Deepfakes Plus Data Equals Just Enough To Fool Everyone

  Click here to see MORE!In this episode of FinTech Confidential Uncut, host Tedd Huff talks with Jeff Scheidel, VP of Operations at AuthID, about the rise of AI-driven fraud targeting financial institutions. They explore how deepfakes, voice cloning, and large language models are enabling scammers to impersonate executives, create synthetic identities, and build fake websites and phishing emails with alarming accuracy. Real cases include a $25 million loss from a deepfake video call and voice cloning scams using only seconds of audio.The episode highlights the limitations of current security tools, such as facial recognition failing due to minor appearance changes, and the inefficiency of manual fraud reviews. Jeff explains how biometric systems using passive liveness detection and cryptographic keys offer stronger protection without storing facial data. The discussion makes clear that financial organizations must quickly adopt smarter authentication methods and better user education to stay ahead of rapidly advancing threats.Takeaways 1️⃣ Stop Falling for Fake Customer Support2️⃣ Watch How One Photo Fakes a Live Identity3️⃣ Use Biometrics to Expose Deepfake Lies4️⃣ Catch Scammers Building Fake Credit Profiles5️⃣ Block Voice Scams Made in Under 5 SecondsLinks: Jeff Scheidel LinkedIn: https://www.linkedin.com/in/jeffscheidel/authID Website: https://www.authid.ai LinkedIn: https://www.linkedin.com/company/authid Twitter: https://twitter.com/authIDai Facebook: https://www.facebook.com/authidai/ Instagram: https://www.instagram.com/authid.ai/ YouTube Channel: https://www.youtube.com/@authID-we-are-digital-identityFintech ConfidentialPodcast: https://fintechconfidential.com/listenNewsletter: https://fintechconfidential.comLinkedIn: https://www.linkedin.com/company/fintechconfidentialX: https://x.com/FTconfidentialInstagram: https://www.instagram.com/fintechconfidentialFacebook: https://www.facebook.com/fintechconfidentialSupportersSkyflow – A zero trust data privacy vault API for secure data collection and compliance: www.skyflowsecure.comSolvpath – AI-powered platform that reduces support tickets and guides users in real time: www.solvpath.comClearingworks – Unified accounts receivable platform for streamlined financial workflows: www.clearingworks.comHawk AI –...

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• Account Data You Can’t Fake - What Fraudsters Don’t Want You To See

  Watch on YouTubeTedd Huff & John Gordon, CEO of ValidiFI, explore key shifts in Fintech and focus on Account Validation Technology. The focus is on account validation, fraud detection, and customer risk. With over 25 years in financial services, Gordon shares insights from his work at TransUnion and ValidiFI. He explains how behavioral signals like multiple emails, landlines, or shared accounts—can trigger higher risk. Gordon also breaks down why ACH transactions remain dominant, and how high-risk accounts show 11.5x more return failures. The episode covers challenges with virtual bank accounts, especially from neo banks, and how lenders can better identify stable users.John highlights how linking emails, phone types, and account behavior to reduce fraud and improve onboarding. He shares how AI and alternative data fill gaps left by outdated credit models, especially for BNPL users or consumers without full credit files.He predicts a rise in consumer control over financial data and warns that limited access may hurt repayment assessments. For fintech founders, his advice is clear: look at the full data picture account history, contact info, and usage to make better, faster decisions.Key Highlights🔹 Email Addresses Could Be Warning Signs🔹 Landlines Are Worse Than You Think🔹 Your Phone Type Says More🔹 Fake-Looking Behavior That’s Actually Fraud🔹 One Account, Too Many Users🔹 Why Some Banks Get You Declined🔹 ACH Still Beating Flashy Options🔹 Manual Processes Are Still Everywhere🔹 Stopping Fraud Without Losing Good Users🔹 The Risk Hiding in Screen ScrapingTakeaways1️⃣ This One Banking Habit Is Costing You2️⃣ What ACH Return Rates Are Hiding3️⃣ Why Neo Bank Users Are Getting Watched4️⃣ Most Used Accounts Still Miss the Full Picture5️⃣ The $100 Pizza You Didn’t Know About Links:John Gordonhttps://www.linkedin.com/in/johnfgordon/ValidiFIWebsite: https://validifi.com/LinkedIn: https://www.linkedin.com/company/validifi/X: https://x.com/validi_fi Fintech ConfidentialPodcast: https://fintechconfidential.com/listenNotifications: https://fintechconfidential.com/accessLinkedIn: https://www.linkedin.com/company/fintechconfidentialX: https://x.com/FTconfidentialInstagram: https://www.instagram.com/fintechconfidentialFacebook: https://www.facebook.com/fintechconfidentialSupportersSkyFlowBuild fast without breaking privacy. Secure data, stay compliant with PCI, CCPA, GDPR, SOC2, and more. Visit

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• Fintech in the Caribbean: Where Cash Meets the Future! - Empowering Diaspora Communities with Seamless Remittances and Financial Solutions Across Latin America and the Caribbean

  See More Here! In this episode of Fintech Confidential: Leaders One on One, host Tedd Huff speaks with Pascale Elie, Co-FOunder & Chairperson of Cellpay and co-founder of HaitiPay, about her work in improving financial services in LatinAmerica and the Caribbean. Pascale shares how the 2010 earthquake highlighted the need for accessible financial tools, leading to the launch of HaitiPay, Haiti’s first privately regulated fintech company. She discusses the importance of building partnerships, fostering trust, and addressing regulatory gaps to provide effective solutions.Expanding her efforts, Pascale established Cellpay to connect diaspora funds with local economies, supporting small business investments and community development. She explains how understanding local dynamics and forming strong partnerships are essential for delivering meaningful financial services.The conversation also covers challenges in working with traditional banks and the process of collaborating with Haiti’s central bank to create regulations that allowed fintech companies to operate independently. Pascale emphasizes practical tools like digital systems for community savings clubs, which offer secure and transparent ways for members to manage their funds.Pascale shares advice for fintech entrepreneurs, urging them to focus on clear goals, collaborate with the right people, and adapt to unregulated markets by advocating for necessary changes. She also highlights the potential of artificial intelligence to increase efficiency and expand access to financial services, stressing that ethical use of such tools is critical.Join Tedd Huff and Pascale Elie at the FinTech Islands Conference in Barbados from January 22-24, 2025, where they will share additional insights on improving financial services in underserved regions.Key Highlights 📌 How a Letter Changed Fintech in Haiti Forever📌 Why Trust Matters More Than Tech in Financial Services📌 The Bold Move That Made HaitiPay Stand Out📌 The Surprising Role of the Diaspora in Local Economies📌 The Biggest Barrier to Financial Growth Nobody Talks About📌 What Cellpay Teaches Us About Serving Local Markets📌 The One Question Every Fintech Founder Must Answer📌 How Local Partnerships Became the Secret to Success📌 How Artificial Intelligence Could Change Financial Access📌 What Fintech Can Learn From HaitiPay’s Early StrugglesTakeaways1️⃣ Build Trust by Prioritizing Transparency2️⃣ Offer Instant Payment Confirmations3️⃣ Promote Financial Literacy Programs4️⃣ Create a Team Aligned with Your Vision5️⃣ Digitize Savings Systems for Security and GrowthLinks:Pascale EllieLinkedIn: https://www.linkedin.com/in/pascaleelie/X: https://x.com/PascaleElieFacebook: https://www.facebook.com/pascale.elie.reneInstagram: https://www.instagram.com/pascaleelie/CellPayWebsite: https://cellpay.comLinkedIn: https://www.linkedin.com/company/cellpaydotcom/X: https://x.com/cellpaydotcomFacebook:

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• Goodbye Credit Scores? Hello Consumer-Controlled Credit!

  Click Here for MoreIn this episode of Accrued, Tedd Huff and Colton Pond talk with Georgina Merhom, founder of Solo, about rethinking financial services by addressing the flaws in traditional credit scoring systems like Experian, Transunion and FICO. Georgina explains how Solo creates a personalized, verified financial profile for each consumer, enabling lenders to make better decisions without relying on outdated metrics or subjective trust. The discussion covers the limitations of current credit scores, the benefits of replacing them with tailored evaluations, and the importance of consumer-controlled data. Georgina also shares practical advice for entrepreneurs, emphasizing the value of flexibility and learning from market signals to achieve long-term success.Key HighlightsWhy Credit Bureau Scores Are Outdated for Today’s EconomyThe True Cost of Collecting Financial DataBreaking the Bias in Banking TrustHow Solo Turns Financial Data Into Real-Time InsightsWhat Makes “One Score Fits All” a Problem?The Future of Financial Decisions Without BiasHow Solo Simplifies Credit EvaluationsTaking “No” as a Signal, Not a SetbackWhat Consumers Gain With Verified Financial DataWhy Banks Need Flexibility in Credit ScoringTakeaways1️⃣ Stop Depending on Outdated Credit Scores2️⃣ Slash Costs With Smarter Verification Methods3️⃣ Take Charge of Financial Information4️⃣ Use “No” to Strengthen Your Strategy5️⃣ Create Fairer Financial Systems With Verified DataLinks:SoloWebsite: https://solo.one/LinkedIn: https://www.linkedin.com/company/soloapi/X: https://x.com/soloapiYouTube: https://www.youtube.com/watch?v=mJ4pCxocO64 Georgina MerhomLinkedIn: https://www.linkedin.com/in/georginamerhom/Fintech ConfidentialNotifications: https://fintechconfidential.com/accessLinkedIn: https://www.linkedin.com/company/fintechconfidentialX: https://x.com/FTconfidentialInstagram: https://www.instagram.com/fintechconfidentialFacebook: https://www.facebook.com/fintechconfidentialSupportersLoanPro: Enhance lending operations with LoanPro's modern core. Learn more at https://loanpro.io/demoSkyflow, privacy platform trusted by leading financial institutions, to protect customers’ data. www.skyflowsecure.comHAWK: Enhance compliance with real-time monitoring and advanced AI.

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• What 62 Years of Experience Can Teach You About Financial Innovation: Building Trust Through Inclusive Lending

  In this episode of Accrued a Fintech Confidential series presented by LoanPro, Tedd Huff and Colton Pond talk with Ben Boyer of World Acceptance about evolving financial strategies. They discuss how businesses can build lasting customer relationships by focusing on customer needs, expanding product offerings, and leveraging alternative data. Ben highlights the importance of realistic credit-building products, empathetic customer service, and accessible financial tools. The conversation emphasizes trust, transparency, and tailoring services to meet client needs while adapting to economic changes. A must-listen for businesses aiming to stay competitive and customer-focused in the financial sector. Key HighlightsThe Key to Retaining Customers You Might Be OverlookingWhy One-Size-Fits-All Credit Scores Could Be Holding You BackThe Secret to Offering Financial Products Customers Actually WantHow Expanding Your Offerings Can Keep Customers Coming BackWhat Makes a Great First Financial ProductWhy Data-Driven Decisions Beat Gut Instinct Every TimeBreaking Down Barriers to Financial SuccessHow to Balance Profitability and Customer CareWhat Most Financial Companies Get Wrong About Credit BuildingWhy Lifelong Customers Start with Exceptional Service Takeaways1️⃣ Set Clear Expectations to Earn Trust2️⃣ Simplify Financial Tools for Better Engagement3️⃣ Prioritize Trust Over Immediate Profits4️⃣ Stay Ahead by Analyzing Market Trends5️⃣ Be Proactive in Reaching Customers Links:World Finance: https://www.loansbyworld.com/aboutLinkedIn: https://www.linkedin.com/company/worldfinance/Ben Boyer Linkedin: https://www.linkedin.com/in/ben-boyer-535a272/ Fintech ConfidentialPodcast: https://fintechconfidential.com/listenNotifications: https://fintechconfidential.com/accessLinkedIn: https://www.linkedin.com/company/fintechconfidentialX: https://x.com/FTconfidentialInstagram: https://www.instagram.com/fintechconfidentialFacebook: https://www.facebook.com/fintechconfidentialSupportersSupporters LoanPro: Enhance lending operations with LoanPro's modern core. Learn more at https://loanpro.io/demoSkyflow, privacy platform trusted by leading financial institutions, to protect customers’ data. www.skyflowsecure.comHAWK: Enhance compliance with real-time monitoring and advanced AI. https://gethawkai.com for better compliance About:GuestBen Boyer: Ben Boyer is a finance executive in Product Development at World Finance, previously serving as COO at Simpliphy and VP...

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